Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lessened its position in Comfort Systems USA, Inc. (NYSE:FIX) by 1.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,160 shares of the construction company’s stock after selling 85 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Comfort Systems USA were worth $2,014,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FIX. Victory Capital Management Inc. raised its holdings in Comfort Systems USA by 54.9% in the 3rd quarter. Victory Capital Management Inc. now owns 66,994 shares of the construction company’s stock valued at $26,151,000 after acquiring an additional 23,733 shares during the last quarter. Aptus Capital Advisors LLC grew its position in shares of Comfort Systems USA by 15.3% in the third quarter. Aptus Capital Advisors LLC now owns 21,251 shares of the construction company’s stock valued at $8,295,000 after purchasing an additional 2,814 shares during the period. Cumberland Partners Ltd acquired a new position in Comfort Systems USA in the third quarter valued at $1,561,000. Ashton Thomas Private Wealth LLC purchased a new position in Comfort Systems USA during the third quarter worth about $212,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new stake in Comfort Systems USA in the 3rd quarter worth about $765,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of NYSE:FIX opened at $445.02 on Friday. The firm has a market capitalization of $15.84 billion, a PE ratio of 34.05 and a beta of 1.13. Comfort Systems USA, Inc. has a 12 month low of $185.83 and a 12 month high of $474.62. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The business has a 50-day moving average of $398.73 and a two-hundred day moving average of $347.84.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.97 by $0.12. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The company’s revenue was up 31.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.74 EPS. As a group, research analysts forecast that Comfort Systems USA, Inc. will post 13.88 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be issued a dividend of $0.35 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 0.31%. Comfort Systems USA’s payout ratio is presently 10.71%.

Wall Street Analysts Forecast Growth

FIX has been the subject of a number of research analyst reports. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Stifel Nicolaus assumed coverage on shares of Comfort Systems USA in a report on Friday. They issued a “buy” rating and a $524.00 target price for the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $376.00.

Insider Buying and Selling

In related news, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the transaction, the insider now directly owns 204,205 shares of the company’s stock, valued at approximately $91,663,540.40. The trade was a 6.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Darcy Anderson sold 3,546 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $336.19, for a total transaction of $1,192,129.74. Following the completion of the sale, the director now directly owns 37,193 shares of the company’s stock, valued at $12,503,914.67. This trade represents a 8.70 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 41,591 shares of company stock valued at $16,625,615. Company insiders own 1.80% of the company’s stock.

Comfort Systems USA Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.